City centre studio apartment with 104 year lease - 16.6% Gross rental yield - Cash buyers only

Description

Located in the heart of Cardiff city centre, this well-presented studio apartment sits within the historic and character-filled Guildhall Tavern building. Offering a rare opportunity to own a compact yet stylish home in one of the city's most sought-after central locations, this apartment is perfect for cash buyers.

The apartment features a bright and open-plan layout with clearly defined areas for living, dining, and sleeping. Large windows and high ceilings allow for plenty of natural light, enhancing the sense of space. A modern fitted kitchen with integrated appliances and a contemporary tiled bathroom complete the interior, combining period charm with modern convenience. The building is well maintained and benefits from a secure entry system and lift access to all floors.

Situated just off Queen Street, the property enjoys immediate access to Cardiff’s vibrant shopping, dining, and cultural scene. St David’s Shopping Centre, Queen Street Arcade, and the city’s best cafés and restaurants are all just a short stroll away. For commuters, Cardiff Queen Street Station is only a three-minute walk from the property, while Cardiff Central Station is around ten minutes away, providing direct connections to London, Swansea, Bristol, and beyond. Several major bus routes operate nearby, and access to the A48 and M4 is straightforward, making this an ideal base for city professionals.

With an estimated rental income of £900pcm, the property offers a compelling investment opportunity within a consistently high-demand urban location. The combination of a long lease term of approximately 104 years, minimal ongoing maintenance obligations, and a prime city centre setting makes this an attractive proposition for both investors and owner-occupiers alike.

Auction
To be sold by online auction (unconditional) on Wednesday 27th November 2025 with a 6 WEEK COMPLETION, bidding will open at 10.00.

To view
Viewings will be conducted prior to the auction, please visit our website to book an appointment at firstforauctions.co.uk

Registration
All bidders/potential buyers are required to register ahead of the auction date to be able to bid/buy, please visit our website to setup an online auction account.

Tenure
Leasehold with vacant possession

Lease
125 years (less 1 day) from 31 January 2005 - 104 years

Ground rent and service charge
Please see legal pack for further details.

EPC rating
G

Council tax band
B - Cardiff

Legal pack
For each lot there are Special Conditions of Sale and other documentation provided by the vendor's solicitors. If you wish to receive the Legal Pack, you will be able to register for this via the link on our website. You will receive notification by email once the Legal Pack is received from the solicitor. The documents may not tell you everything you need to know about the property and you are required to complete your own due diligence before bidding.

Guide prices
Guide Prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a lot will sell for and may change at any time prior to the auction. Each lot will be offered subject to a Reserve, (a figure below which the Auctioneer cannot sell the lot during the auction) which we expect will be set within the Guide Range, or no more than 10% above a single figure Guide Price.

Additional fees
A buyers charge of £1,500 including VAT is payable on each lot that you buy, in addition to the sale price. Please be aware there may be other additional fees, including disbursements contained in the legal pack payable on completion. Please ensure that you check the legal pack for each lot that you are interested in, prior to bidding.

Deposit
If you are the highest bidder when the auction ends, contracts are exchanged between you and the seller. Both parties are legally bound to complete the transaction as per the special conditions in the legal pack. Your card will be automatically debited for the bidder security amount of £6,000 and we'll require the remaining balance for a 10% non-refundable deposit. We will contact you after the auction has finished to make these arrangements.

Mortgage finance
We advise all bidders who require a mortgage to confirm with their Financial Advisor as to whether or not the lot you are interested in would be suitable security to borrow finance against, prior to bidding. If you need to arrange a mortgage it is important that you obtain an offer from your lender before the day of the auction. Most building societies and banks will instruct a surveyor to prepare a valuation report before making a mortgage offer.

Pre-auction offers
These must be made in writing and will only be considered if the Legal Pack has been inspected and proof of funding has been supplied to the auctioneers. Pre-auction offers are only considered on an auction basis in accordance with the “Terms & Conditions - Unconditional Auction".

* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Lot 47 - Loft 2 The Guildhall Tavern, Guildhall Place, Cardiff, South Glamorgan, CF10 1EB

Unconditional Online Auction Sale
Guide Price* £65,000

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